43 sats \ 3 replies \ @SatsMate 4 Jul \ on: What is going on with the hashrate? bitcoin
I think we are about to see alot of miners with unhealthy balance sheets go under. This is healthy after every halving and something miners should be prepared for in this highly competitive business!
Unhealthy miners go out. Yes. But those are miners with old equipments, or high energy costs. But if only large-scale miners are able to afford the most energy-efficient methods of mining, it leads to centralization in the nework. Which could be bad for censorship, or regulations and who knows. I hope I am wrong. Decentralization is key.
reply
nobody said the unhealthy miners are the small ones
reply
Happens each cycle. We will see who runs a good operation those who don't will close up shop
reply